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JLMAG (06680.HK) Hyped Up 30% as CN Rare Earth Imports Reportedly Hampered
HK-listed rare earth concept stocks were speculated to surge today (1st). The stock price of JLMAG (06680.HK) peaked at $10.86, up 44%. It last reported at $9.84, up 30.5%, with 77...
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JLMAG (06680.HK) Hyped Up 30% as CN Rare Earth Imports Reportedly Hampered
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HK-listed rare earth concept stocks were speculated to surge today (1st). The stock price of JLMAG (06680.HK)  -0.050 (-0.574%)   peaked at $10.86, up 44%. It last reported at $9.84, up 30.5%, with 77.5729 million shares traded, involving $758 million. CHINA RAREEARTH (00769.HK)  0.000 (0.000%)   last posted at $0.5, up 19.05%, with 136 million shares traded, involving $69.1442 million.

Chinese media reported that the mining of rare earth minerals in Myanmar stalled, plus the closure of the border, caused disruptions in the import of rare earth raw materials by China. Myanmar's raw ore production accounted for 11% of the global total last year. In 9M24, China imported 31,000 tons of rare earth oxides from Myanmar, accounting for 74.9% of total imports.
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